CVX · News · 20261031N

Exploration Portfolio Expansion

CHEVRON CORP · 2026-10-31 · Importance 35 · Surprise 42

Chevron and TotalEnergies agreed to swap leases in the U.S. Gulf of Mexico, giving each company new exploration blocks in deepwater areas. The revised portfolio expands their shared acreage and increases operational overlap, potentially supporting coordinated project planning. Chevron is also emphasizing frontier exploration in South America, Africa, and the Eastern Mediterranean, with opportunities named in Guyana, Angola, Namibia, Nigeria, Guinea-Bissau, Equatorial Guinea, Egypt, and the Eastern Mediterranean.

Key facts

• Chevron is focusing exploration on South America, Africa, and the Eastern Mediterranean, including opportunities in Guyana, Angola, Namibia, Nigeria, Guinea-Bissau, Equatorial Guinea, and Egypt. source